Safaricom Falls Back Below Pre-Results Share Price, Co-op Surges 10.5% in Week 20
The NSE posted a second straight split week. Safaricom fell 6.68%, erasing its record-earnings rally, while Co-op Bank surged 10.54%. Asahi was cleared for the EABL takeover. Oil rose to $94.84, the 91-day T-bill hit 8.32%, and foreign investors sold KSh 371.81M.
Kenya Lifts SACCOs Registration Ban But Raises Entry Bar
Kenya has lifted a year-long freeze on the registration of savings and credit cooperatives (SACCOs) but tightened entry requirements
NVIDIA vs Silver: What a Chip Company Overtaking a Precious Metal Tells Us About the New Economy
For the first time in history, three of the five most valuable assets on earth are not things you can hold in your hand. The market has not gone haywire.
Asahi Moves Closer to EABL Acquisition With Takeover Exemptions from East African Regulators
Asahi Group Holdings has secured mandatory takeover exemptions from capital markets regulators in Kenya, Tanzania and Uganda, clearing a key procedural hurdle in its US$2.3 billion EABL acquisition. Antitrust approvals and a Court of Appeal case filed by distributor Bia Tosha remain outstanding.Africa CEO Forum: Nigeria's Tinubu Calls for Pan-African Commodity Exchange to Cut Dollar Dependence
At the ongoing Africa CEO Forum, Nigeria's President Bola Ahmed Tinubu has called for the establishment of a continent-wide African commodity exchange platform.Africa’s Electrification and AI Data Centre Boom Sparks New Industrial Race in Kenya and the Continent
Rapid advances in artificial intelligence, data centres, electric mobility and smart grids are accelerating demand for electricity and digital infrastructure across the worldKMRC's KSh 3Bn Green Bond Draws KSh 9.4Bn in Bids
KMRC raised KSh 3bn through its Tranche 2 sustainability bond after KSh 9.38bn in bids, a 312.8% oversubscription. The note priced at 12.2% per annum payable semi-annually. Notes list on the NSE Fixed Income Securities Market on 25 May 2026Finance Bill 2026 Scraps 5% Preferential Withholding Tax for East African Investors
Uganda and Tanzania do not offer a similar preferential rate on dividends for EAC citizens, meaning Kenya’s move brings it closer to their approach.Co-op Posts KSh 8.41 Bn Q1 Profit as Deposits Cross KSh 600 Bn
Co-operative Bank of Kenya Group reported a record net profit of KSh 8.41 Bn for Q1 2026, up 21.3%. Customer deposits crossed KSh 600 Bn for the first time. Kingdom Bank doubled profit to KSh 290 Mn. Gross NPLs fell 3.6%, cost-to-income ratio narrowed to 53.0%.Kenya’s New Real Estate Gold Rush is No Longer Mega Malls- Knight Frank
Kenya’s property market is undergoing a dramatic shift as investors move away from speculative mega mall developments and traditional office blocksTwo Rivers SEZ Launches KSh 4.8 Bn Green REIT Offer, Targets 8% USD Yield
TRIFIC SEZ has opened a US$37.3 Mn (KSh 4.8 Bn) green, USD-denominated I-REIT on the NSE, Kenya's first of its kind. The offer runs 13 May to 12 June 2026, targets an 8% yield, and is backed by the 16,213 sqm North Tower, 92% leased and anchored by Teleperformance.State Loses Bid to Seize Controversial British Businessman's Mombasa Properties
The agency had sought to have three apartments in Mombasa’s Mainland North valued at a total of KSh 18mn, and any rental income derived from them, declared proceeds of crime
